Treasury Seeks Input on Stablecoin Rules Under 2025 GENIUS Act
Updated
Updated · Yahoo Finance · Aug 17
Treasury Seeks Input on Stablecoin Rules Under 2025 GENIUS Act
3 articles · Updated · Yahoo Finance · Aug 17
Summary
The U.S. Treasury opened a new public-comment phase on proposed stablecoin rules, advancing implementation of the GENIUS Act’s federal framework for payment stablecoins.
The 2025 law requires payment stablecoins to be backed by reserves, sets standards for permitted issuers, and aims to address consumer protection, financial stability and illicit-finance risks.
Treasury has already floated proposals on state-level oversight and anti-money-laundering and sanctions compliance, with the latest request giving stablecoin firms and banks another chance to shape final rules.
Scott Bessent said faster implementation could give businesses more regulatory certainty while supporting the U.S. dollar’s reserve-currency role and the administration’s push to keep America a crypto hub.